Hong Kong shares lower

Hong Kong shares surrendered early gains and closed lower on Tuesday, as losses in mainland China markets outweighed initial optimism fuelled by overnight bullishness in US stocks. Shares of mainland banks listed in Hong Kong also fell, dragging the benchmark HSI lower despite initial support stemming from a strong performance on Wall Street.
The Hang Seng index fell 0.7 percent to 24,702.78 points, while the China Enterprises Index lost 2.2 percent to 11,945.25 points. Among the most actively traded stocks on Hong Kong's main board were Chaudhry Yunnan Rts, up 215.0 percent to HK$0.06; Bank Of China, down 2.2 percent to HK$4.39; and CCB, down 2.0 percent to HK$6.35.